Posted by CopperheadVA on 6/9/09 12:31pm
Msg #291690

Spectra Signing / Financial Solutions - Bounced Check!!!

The Spectra saga continues...

I was very happy to receive payment last week from Financial Solutions for past due payment for the job I did for Spectra Signing Services. I deposited it in my bank account and was glad to put the issue behind me.

Today I received a replacement check from Financial Solutions Renee Echavarria via FedEx. Hmmm, not sure why they sent it? I went online to view my bank account and sure enough THEIR CHECK BOUNCED ON JUNE 3RD! So they have replaced the check, but now I have a $10 bank fee on my account due to the bounced check!

Their bank is not local so I cannot take it to their bank to cash it or to verify funds.

Reply by KimWmsVA on 6/9/09 1:49pm
Msg #291711

Actually, you can call their bank and confirm funds. I have to do that all the time in the course of my daytime job.

Reply by SReis on 6/9/09 1:59pm
Msg #291713

Not all banks allow you to verify funds

I know there was a co. that had been bouncing a lot of checks so when I called their bank, Wells Fargo, just to make sure they had enough in the acct to cover the check I was going to deposit, I was told that they could not verify it for me. I explained the situation & they just said "sorry, can't do it."

Reply by CopperheadVA on 6/9/09 2:02pm
Msg #291714

I thought that banks no longer confirmed funds over the phone due to privacy issues... But you're right, I just called their bank and found out that there are NOT SUFFICIENT FUNDS in the account right now to cover this replacement check!!!

I did receive a response from Nikki that apologized, said she would send an additional check for the bank fees, and she assured me the check was good. She said they were transferring money between accounts and that my check got bounced due to a timing issue. Hmmm. I'll be writing her to let her know this check is not good either, according to their bank, and I want cashiers check, money order, or PayPal.

Reply by Linda_H/FL on 6/9/09 3:34pm
Msg #291737

"She said they were transferring money between accounts and that my check got bounced due to a timing issue. "

Hasn't that been said before by all the other services that bounce checks? They're all "moving funds around" or "between accounts"....b.s. I say...that line must be in the SS training manual under "disgruntled vendor control"...<G>

Reply by notary4az2 on 6/9/09 6:12pm
Msg #291758

That is why I do not do signings for them

Reply by CopperheadVA on 6/9/09 6:33pm
Msg #291765

When I and others accepted jobs from them earlier in the year, there was no feedback on them at that time.

Reply by cntrlcalntry on 6/9/09 6:12pm
Msg #291759

Owe me since March and wont respond to emails or calls. n/m

Reply by LKT/CA on 6/9/09 7:47pm
Msg #291773

<<<I thought that banks no longer confirmed funds over the phone due to privacy issues... >>>

As far as I remember, there were no privacy issues on the banks end as they never jeopardized anyone's privacy. They give no info...you give *them* info......the account number and quote a dollar amount.......they say yeah or nay if the dollar amount you quote is good (for that moment in time). I remember banks doing this from 25 years ago.

Reply by Linda_H/FL on 6/9/09 9:26pm
Msg #291783

We sold a boat last year - we asked for a cashier's

check - the guy showed up with his company check....I called the bank it was drawn on and they wouldn't say yea or nay, just that he's a good solid customer and we didn't need to worry about him.

We took the check and it did work out okay, but the bank wouldn't tell us anything.

Reply by LKT/CA on 6/9/09 10:14pm
Msg #291785

Re: We sold a boat last year - we asked for a cashier's

I suppose the rules have changed. I think it was called "merchant check verification". Maybe someone will steal checks, then call to see if a dollar amount is good, forge the signature, make it out to "cash" and wipe out the account. You never can tell what the crooks are up to these days.

Reply by LKT/CA on 6/9/09 10:23pm
Msg #291788

Forgot to mention

Speaking of new rules and crooks.....that is why I got rid of that "overdraft credit". Remember years ago when a checking account was tied to a savings account - if you didn't have enough in the checking, the difference was pulled from the savings? Well now banks have "overdraft credit", where instead of bouncing the check, they clear it (up to the overdraft limit) and charge the bounced check fee. Someone debited my account (unauthorized) and overdrew it, triggering the bounced check charge. I had to fight the bank to return my $33.00 and cancel that charge as banks believe the crooks over the customer. I didn't authorize that debit. Because of that, I made the bank cancel this overdraft limit. This makes me more careful and aware of the balance in my account and keeps a crooks from getting anything. Whatever tries to clear my account above the balance gets rejected......as it should be. <smile!> Oh, BTW, the call center manager had a fit when I demanded that this overdraft limit be canceled....because now the bank can't fleece me of extra fees....hahahahahaheeheehee!!

Reply by jojo_MN on 6/10/09 12:06pm
Msg #291813

I had someone pay me via Paypal in the past where they didn't have funds to cover it. That is also a problem. In my case, I waited to ship a product until after it cleared. Thankfully I didn't ship it because they didn't have the funds in the bank and I would have had to try to get the product back. The amount was deducted back out of my Paypal account. That was a couple years ago.

Reply by Notary/Guy on 6/9/09 7:13pm
Msg #291772

6/9/2009 They are using notaries to legitimize their actions and not paying them AZ
6/9/2009 Over 60 days late and will not even respond to my inquires. CA
6/9/2009 They FINALLY paid me after much collection effort, but the check bounced!!! VA
6/3/2009 No pay FL
6/3/2009 They Dont Pay CA
5/26/2009 No payment on 2 loan modification signings AZ
5/25/2009 No pay from March 3, 2009 with 3 emails and 3 phone calls to Shayna. CA
5/18/2009 No pay from March 4th and it is now May 19 sent 3 emails no response. NC
5/12/2009 No Pay!, Feb 20, 2009 CA
5/9/2009 Finally paid from1/30, to get paid email [e-mail address] FL
5/8/2009 Liars...No Payment, and not enough to pursue. Does not answer calls FL
5/7/2009 NO PAY! CA
4/21/2009 Did 4 loan modification application and no pay. CA
4/18/2009 no payment for a Feb. 25th signing CA